Following the approval by Shareholders of the Return of Cash at the General Meeting held at 11.00 am on 29 May 2014, Rexam PLC announces the result of the elections received in relation to the B/C Share Options.
Shareholders were given three options in relation to the Return of Cash. The result of the elections or, as the case may be, deemed elections are:
? Option 1 (Income Return) : 60.09% totalling 475,873,869 C Shares;
? Option 2 (Initial Capital Return) : 39.65% totalling 314,043,470 B Shares; and
? Option 3 (Final Capital Return) : 0.26% totalling 2,065,516 B Shares.
For the B/C Share Options set out above, 475,873,869 C Shares of 0.0001 pence each and 316,108,986 B Shares of 57 pence each have been allotted and issued today.
The C Share Dividend has today become due and payable, and all C Shares allotted and issued have been automatically converted into Deferred Shares.
All B Shares in respect of which Initial Capital Return elections have been received (being 314,043,470 B Shares) have today been redeemed by Rexam.
Rexam expects cheques to be despatched and accounts credited (as appropriate) in respect of the Income Return and in respect of the Initial Capital Return on 19 June 2014.
Rexam expects cheques to be despatched and accounts credited (as appropriate) in respect of the Final Capital Return on 13 April 2015.
In accordance with Disclosure and Transparency Rules 5.6.1 and 5.6.1A, Rexam would also like to notify the market that the share capital of Rexam now consists of:
? 704,040,029 Ordinary Shares of 80 5/14 pence each entitled to one vote;
? 2,065,516 B Shares of 57 pence each with limited voting rights; and
? 475,873,869 Deferred Shares of 0.0001 pence each with no voting rights.
Rexam holds no Ordinary Shares in Treasury.
Therefore, the total number of voting rights in Rexam as at 9 June 2014 is 704,040,029.
The above figure (704,040,029) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Rexam under the FCA?s Disclosure and Transparency Rules.
Further details of the Return of Capital are contained in the circular to shareholders dated
13 May 2014 (the Circular). Capitalised terms used in this announcement shall have the same meaning ascribed to them in the Circular.
9 June 2014
Enquiries
Investors
Sandra Moura, Head of Investor Relations, Rexam +44 20 7227 4100
Media
Jonathan Thornton, Head of Communications, Rexam +44 20 7227 4100
Katharine Wynne, Tulchan Communications +44 20 7353 4200
Martin Robinson, Tulchan Communications +44 20 7353 4200
